American Century Companies Inc. Has $131.94 Million Stock Holdings in DoorDash, Inc. $DASH

American Century Companies Inc. boosted its holdings in shares of DoorDash, Inc. (NASDAQ:DASH) by 5.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 485,088 shares of the company’s stock after acquiring an additional 22,944 shares during the quarter. American Century Companies Inc.’s holdings in DoorDash were worth $131,941,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Physician Wealth Advisors Inc. lifted its holdings in shares of DoorDash by 284.0% during the third quarter. Physician Wealth Advisors Inc. now owns 96 shares of the company’s stock worth $26,000 after purchasing an additional 71 shares during the period. Sound Income Strategies LLC increased its position in DoorDash by 2,760.0% during the 3rd quarter. Sound Income Strategies LLC now owns 143 shares of the company’s stock valued at $39,000 after purchasing an additional 138 shares during the period. Rossby Financial LCC increased its position in DoorDash by 127.8% during the 3rd quarter. Rossby Financial LCC now owns 164 shares of the company’s stock valued at $44,000 after purchasing an additional 92 shares during the period. Annis Gardner Whiting Capital Advisors LLC raised its holdings in DoorDash by 74.3% during the 3rd quarter. Annis Gardner Whiting Capital Advisors LLC now owns 176 shares of the company’s stock worth $48,000 after purchasing an additional 75 shares during the last quarter. Finally, Concord Wealth Partners acquired a new position in shares of DoorDash in the 3rd quarter worth approximately $50,000. 90.64% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at DoorDash

In other news, Director Stanley Tang sold 45,410 shares of DoorDash stock in a transaction dated Friday, January 2nd. The shares were sold at an average price of $222.53, for a total transaction of $10,105,087.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Ravi Inukonda sold 1,425 shares of the business’s stock in a transaction dated Friday, December 19th. The stock was sold at an average price of $231.97, for a total transaction of $330,557.25. Following the sale, the chief financial officer directly owned 184,037 shares of the company’s stock, valued at approximately $42,691,062.89. The trade was a 0.77% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 220,826 shares of company stock valued at $48,944,946. Corporate insiders own 5.83% of the company’s stock.

DoorDash Trading Down 2.2%

NASDAQ DASH opened at $176.47 on Monday. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.27. DoorDash, Inc. has a 52 week low of $155.40 and a 52 week high of $285.50. The business has a 50 day moving average price of $202.02 and a 200-day moving average price of $227.78. The company has a market cap of $76.66 billion, a price-to-earnings ratio of 83.24 and a beta of 1.82.

DoorDash (NASDAQ:DASH) last posted its quarterly earnings results on Wednesday, February 18th. The company reported $0.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.58 by ($0.10). The business had revenue of $3.96 billion during the quarter, compared to analyst estimates of $3.98 billion. DoorDash had a net margin of 6.82% and a return on equity of 10.15%. The business’s revenue for the quarter was up 37.7% compared to the same quarter last year. During the same period in the previous year, the business posted $0.33 EPS. As a group, equities analysts expect that DoorDash, Inc. will post 2.22 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

DASH has been the subject of several recent analyst reports. BNP Paribas Exane assumed coverage on shares of DoorDash in a research report on Wednesday, January 14th. They set an “outperform” rating and a $280.00 price objective for the company. Oppenheimer cut their price target on shares of DoorDash from $280.00 to $235.00 and set an “outperform” rating on the stock in a research report on Thursday, February 19th. Wolfe Research set a $270.00 price target on DoorDash in a report on Monday, January 5th. BMO Capital Markets reissued an “outperform” rating on shares of DoorDash in a research note on Friday, December 12th. Finally, Roth Mkm restated a “neutral” rating and set a $200.00 target price on shares of DoorDash in a research report on Thursday, February 19th. One analyst has rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating and nine have given a Hold rating to the company’s stock. According to MarketBeat.com, DoorDash presently has an average rating of “Moderate Buy” and an average target price of $264.74.

About DoorDash

DoorDash, Inc operates a technology-driven logistics and food-delivery marketplace that connects consumers, merchants and independent delivery contractors. The company’s core service enables customers to order from local restaurants and retailers through its app and website while DoorDash handles last-mile fulfillment via its network of drivers, known as “Dashers.” Over time the platform has broadened beyond restaurant deliveries to include groceries, convenience items and retail deliveries, positioning DoorDash as a broader on-demand logistics provider for consumer goods.

In addition to its marketplace, DoorDash offers a suite of products and services for consumers and businesses.